Thursday, August 29, 2019

The Business Environment Assignment Example | Topics and Well Written Essays - 2000 words

The Business Environment - Assignment Example The company’s mission statement is to bring the best computing knowledge and experience to students, professionals, and consumers around the world, through being innovative in the way it builds its hardware, software, and internet ads. Apple Inc. is subjected to corporate taxes. Apple Inc. shareholders and officers are not liable for any corporate debts. Therefore, in case the business is facing economic times and want to dissolve and leave a specific market due to debts, the shareholders personal assets or finances cannot be used to pay the debts of the company (Lancaster & Reynolds 2002). Virgin Atlantic was formed in 1984 by Richard Branson. The airline is based at London’s Gatwick and Heathrow airports. Furthermore, it is also based in Manchester Airport. It is a limited business which has developed over the years to become the second largest carrier serving major cities across the world. Unlike in Apple Inc., the salaries of the employees are only subjected to self-employment taxes (Balmforth 2009). Employees of Apple Inc. have a major role in decision making of the company. In this company, employees have a major stake because they are liable for the success of the business. In addition, they are expected to ensure that all operations of the business are running smoothly. Due to the fact that they interact with the customers daily, employees are used by the business as an important source of information (Lüsted 2012). They are also expected to be innovative in order to maintain the competitiveness of the business in the market. The community has a major effect on the operations of the business. Unlike Virgin Atlantic which is only focused on the profits, Apple Inc. has a mandate of ensuring that it incorporates the interests of the communities associated with the business in its crucial decisions. In addition, such a company has an obligation to participate

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